Lula’s Legacy

Brazil’s charismatic (now ex) president Lula has been perceived as a great leader worldwide. Obama called him “the man” and Fidel Castro ” dear comrade”; in Brazil, after 8 years in power, his popularity rate was above 80%, demolishing the theory that being too long in power diminishes public approbation. Nonetheless, time will tell usContinue reading “Lula’s Legacy”

The world’s biggest economy

The world’s biggest economy The Economist’s coverage of when China will exceed America as the world’s biggest economy reinforces my thesis that emerging markets will grow faster than the S&P 500 on a long-term basis – the question is just whether that event will occur in 2019 or 2022, based upon inputting certain variables. “AndContinue reading “The world’s biggest economy”

Globalization- Measures of Hope parallel economic measures

Globalization- Measures of Hope parallel economic measures predicting relative outperformance of emerging markets over Western, American S&P 500 in long run The Economist points out that there are subjective, human factors which accompany my thesis that liquidity will flow to emerging markets, that volatility will continue particularly in emerging markets, and that emerging markets willContinue reading “Globalization- Measures of Hope parallel economic measures”

Brazil needs to be more innovative

Brazil needs to be more innovative: The excellent Schumpeter column drives home the point that not all BRICs are equal. “Can their country become an innovator in its own right, or is its recent growth little more than a by-product of China’s appetite for commodities?” “Yet Brazil suffers from two huge blocks to growth: redContinue reading “Brazil needs to be more innovative”

Tourism in Brazil grows more then country’s GDP

Between 2003 and 2007, revenues generated by tourism grew more than the economy as awhole. During the period, tourism rose 22%,  while Brazilian GDP grew 19.3%. The highlights were service sand highway transportation. In spite of this growth,tourism still accounts for just 3.6% of Brazilian GDP. Source: Bradesco Corretora